It is vital for any surveyors firm to obtain surveyors insurance that is able to be customized to fit the size and requirements of the firm. It’s common for a lot of firms to make the mistake of choosing a generic type of professional liability insurance coverage for surveyors, and often they fail to realize the error until they find themselves in a situation where coverage is needed and not there. It is a widely accepted fact that these kinds of policies typically fail to cover the extent of court and legal fees you may require, or you could be stuck paying for coverage that is far above and beyond what is required for your individual firm. In either circumstance, the firm stands to lose a significant amount of money.
In the event of a lawsuit being filed for supposed mistakes or negligence against the firm, PL insurance for surveyors will provide protection. Additionally, surveyor’s PLI will provide coverage for the surveyor’s legal defense, because court fees can be detrimental even if the firm is found free of any liability. One example is a 2000 lawsuit that was pursued against a land surveyor that went all the way to the supreme court of Montana. The costs of the legal defense were quite significant, despite the fact that in the end, the court decided that the land surveyor was not at fault.
Surveyors PL Insurance
Most surveyors insurance works on a claims-made basis, which means surveyor firms have to be certain their insurance coverage for surveyors doesn’t lapse in order to be certain they’re covered in the event of a lawsuit. Since the statute of limitations can be several years, the policy enforced at the time of a job needs to be in force for as long as the statute of limitations permits lawsuits. Also take into consideration that unlike larger surveyor E&O insurance coverage brokerages, Fenner and Esler will go over risk management strategies for your practice.
We at Fenner & Esler take pride in being an independent insurance brokerage, providing services of the highest quality when it comes to types of insurance such as:
Environmental Consultants Insurance
Surveyor Liability Insurance Broker
If you’re looking for the best surveyor errors and omissions insurance that is customized for the needs and size of your firm, it’s important for you to find an independent brokerage with agents that have years of experience customizing surveyors liability insurance coverage in Montana. Fenner and Esler Insurance is an independent surveyors insurance company that carries a broad range of top-rated insurance product. We’ve been providing the best E & O insurance for surveyors in Montana for over three decades. If you would like to find out additional information regarding how we can meet your needs, contact us at (201) 262-1200.